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Chinese Bitcoin mining operator shutters major pool as profitability tanks – Decrypt

Chinese Bitcoin mining operator shutters major pool as profitability tanks – Decrypt

News Business Image: Shutterstock In brief Bytepool, once a rising force in the Bitcoin mining pool industry, ceased operating in April. Chinese pool manager Valarhash lacked capital reserves or supplemental cash flows to keep operating in the face of falling profitability and high operating costs.








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